Should Malaysians Rent Or Buy Their Homes?

Is it better to rent or buy your home? In truth, there's no right or wrong answers and it really depends on your needs especially once you factor in the non-financial decisions.

Even the financial aspect of renting vs buying isn't so easy to compare but today, I go through the differences in costs of the two for Malaysians so you're aware of it all before making your decision.

⌚ Timestamps:
00:00 Should you buy or rent?
00:32 How much it costs to rent
1:38 How much it costs to buy
5:16 Cost comparison of buying vs renting
6:58 Opportunity cost of making upfront payments when buying a house
7:30 The 5% rule
8:28 Non-financial benefits of buying vs renting a house

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[salahuddinhadi]

Thanks to your video, now all my questions in my mind about owning or renting a house has been answered!!!

[arman]

Helpfull video, really appreciate it 😊

[thivagara.murugan]

Thanks for the comparative analysis. So insightful. Looking forward to all your videos.

[chongjinyang]

Like what Robert Kiyosaki said: "Your house is not always an asset, it might be a liability."

[freakymeltdown]

Thanks for the analysis. Baby boomers, Gen X and Y were lucky enough to be able to buy when they could. The rent received by landlord covers their installment.

Entry prices are ridiculous these days making it almost impossible to own homes.

[ZaidZakir]

Im renting a 3BR apartment for 1600RM, for 3 years now close to KL, this apartment is very very close to MRT, when i surveyed this apartment to buy i was quoted 2600 with maintenance . this is the main reason why i stay away from getting into buying a home. buying a home and paying the bank in excessive interest doesn't make sense to me at all. that too for 30/35 years, i rather invest that money into a S&P 500 and be cash rich. rather than be asset poor lol, once i grow old i dont need to rent a home in KL, i can just rent a home far away for the similar price based on inflation.

[hailyrizzo]

market rental will keep increasing especially if you are using a 35 yr time period for cost comparison. it will be affected by inflation rate, more particularly the property market. how long do you sign your tenancy agreement for? one year? two years? three years? ten years??? next time you sign the tenancy agreement, the rent will most likely go up instead of down.

[heyyaziz]

I’d buy a house if i can provide >50% down payment, if not all cash. Otherwise, renting is the way to go.

[lyn]

I don’t think RM20k for renovation is realistic even for condo / apartment. I would say Min 30k and another RM10-20k for furniture

[SaadonAksah]

If I'm in my 20s all over again. I'll buy again in a heart beat 😂

[yifei]

What kind of investment gives 7% return yearly?

[amirnazhan]

My financial principle : If I can’t afford to buy it cash, then I can’t afford it. So renting for now.

[kierangoh]

Attention span dropping from lack of visuals in first part of the video, consider having infographics while you explain. Cheers!